Roles and Benefits of the Group Captive
 Operational
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•Better access to loss data and trends which enables superior plan design strategies.
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•Obtain control over claims handling and data allowing you to allocate resources to manage these risks.
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•Able to negotiate broad terms and conditions within policy language standards because member organizations, through the captive involvement, are essentially owning the risk.
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•Opportunity to align with top national service providers accessing best in class strategies and risk management tools.
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•Balances risk retention with market conditions while also remaining consistent with cultural expectations and shared values.
Financial
•Provide a vehicle through which organizations may self-insure and/or augment gaps in coverage.
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•Leverage group size to create financial security for member organizations as the self-funding approach may be more challenging when going alone.
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•The advantage is true ownership and control of the financial apparatus which ultimately drives better outcomes.
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•Over time, stabilize rates, improve monthly cash flow, generate savings in insurance costs and potential for member dividends.
Performance
•Transparency in services and expenses resulting in better accountability from service providers.
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•Captives provide opportunities for creativity where standard markets are often inflexible or unable to respond.
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•Eliminates some of the risk and uncertainty inherent to guaranteed cost type approach while ultimately holding each member accountable for performance.
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•A mutual commitment to risk management standards elevates the wellbeing of all organizations.
